Stock futures are little changed after both the S&P 500 and the Nasdaq Composite closed lower after retreating from fresh all-time highs in Thursday’s session.
S&P 500 futures and Nasdaq 100 futures were trading up less than 0.1%, while futures tied to the Dow Jones Industrial Average added 40 points, or 0.08%.
The federal government shutdown dragged into its ninth day on Thursday, after the Senate failed for a seventh time to pass dueling funding proposals. There are few signs that Republicans and Democrats are making progress on negotiations.
With the stalemate continuing, investors are struggling to find catalysts due to a lack of economic data from the U.S. government.
On Thursday, the broad market index dropped 0.28% to close at 6,735.11, while the tech-heavy index slid 0.08% to finish at 23,024.63. At their highs of the day, the S&P 500 added 0.2%, and the Nasdaq was up 0.1%. The Dow Jones Industrial Average, meanwhile, declined 243.36 points, or 0.52%, to close at 46,358.42.
“Markets are trying to balance a few things because we are navigating a little blind because of the government shutdown,” Fundstrat’s Tom Lee said Thursday on CNBC’s “Closing Bell.”
However, earnings season is set to begin on Monday, with several banks such as Citigroup and JPMorgan slated to post their results for the third quarter. Data on U.S. consumer sentiment is scheduled to be released Friday morning at 10 a.m. ET.